RTG Financial Statements From 2010 to 2024
| RTG Stock | CAD 0.04 0.01 16.67% |
Check RTG Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among RTG Mining's main balance sheet or income statement drivers, such as , as well as many indicators such as . RTG financial statements analysis is a perfect complement when working with RTG Mining Valuation or Volatility modules.
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RTG Mining Company Return On Equity Analysis
RTG Mining's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current RTG Mining Return On Equity | -1.8 |
Most of RTG Mining's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, RTG Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, RTG Mining has a Return On Equity of -1.8015. This is 297.97% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on equity for all Canada stocks is notably higher than that of the company.
RTG Mining Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining RTG Mining's current stock value. Our valuation model uses many indicators to compare RTG Mining value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across RTG Mining competition to find correlations between indicators driving RTG Mining's intrinsic value. More Info.RTG Mining is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value RTG Mining by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for RTG Mining's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About RTG Mining Financial Statements
RTG Mining investors utilize fundamental indicators, such as revenue or net income, to predict how RTG Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
RTG Mining Inc. explores for and develops mineral properties. RTG Mining Inc. was incorporated in 2012 and is headquartered in Subiaco, Australia. RTG MINING operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 6 people.
Pair Trading with RTG Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RTG Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RTG Mining will appreciate offsetting losses from the drop in the long position's value.Moving against RTG Stock
The ability to find closely correlated positions to RTG Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RTG Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RTG Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RTG Mining to buy it.
The correlation of RTG Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RTG Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RTG Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RTG Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RTG Stock
RTG Mining financial ratios help investors to determine whether RTG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RTG with respect to the benefits of owning RTG Mining security.